Top 5 Things to Watch
We will watch for any market news to turn the bearish tide on commodities, starting with the USDA Grain Stocks report Monday. Weather continues to be good for most crop growing regions of the U.S.
Senate Pressing to Pass Budget Bill
The Senate is pushing to pass its budget-reconciliation bill and get it to President Trump's desk by July 4. The legislation is projected to add $3.3 trillion to the national debt over 10 years. Biofuel groups highlighted the bill makes some positive changes to the 45Z Clean Fuels Production Credit.
SCOTUS Update on Roundup, Prop 12 Cases
The Supreme Court on Monday asked for the U.S. Solicitor General's input on Bayer's Roundup petition regarding whether federal pesticide labeling laws preempt state failure-to-warn claims. The court also denied an Iowa Pork Producers Association petition on California's Proposition 12.